TORONTO - Firan Technology Group (FTG) announced today that it has acquired substantially all of the assets from Filtran Microcircuits, based in Ottawa, Ontario which manufactures microwave PCBs for high frequency applications.

Fox Business News reports that FTG expects the acquisition to increase its presence in very high frequency circuit board manufacturing. This market is a growing segment that includes aerospace and defense applications. Under the terms of the acquisition, FTG has acquired advanced processing equipment, process know-how, all of Filtran's customer contracts and Filtran’s working capital.

"We are excited about this deal as it enables FTG to continue its strategy of consolidating printed circuit board manufacturers into a larger, more capable company that can compete on a world scale", commented Brad Bourne, President and CEO.

Joe Ricci, CFO added "For FTG, after a short transitional period, this transaction is expected to boost activity in both our Toronto and Chatsworth facilities and should generate positive contribution margin for both sites".

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